Coca-Cola Co. (NYSE: KO) has released its third-quarter earnings, showcasing impressive results despite ongoing sales volume challenges. For the quarter ending September 30, the beverage giant reported a net income of $2.85 billion, or 66 cents per share, with adjusted earnings reaching 77 cents per share—outpacing analyst forecasts of 74 cents.

Total revenue for the quarter was $11.95 billion, slightly down from last year but exceeding expectations of $11.60 billion. Coca-Cola managed to implement average price increases of 10%, offsetting a 1% decline in unit case volumes globally.

Sales in North America remained flat, while declines were noted in key markets like Europe, the Middle East, Africa (EMEA), and Asia Pacific, particularly in China and Turkey. Popular sparkling soft drink volumes stagnated, with juice and bottled water categories also experiencing declines.

Looking ahead, Coca-Cola projects organic revenue growth of about 10% for 2024, reaffirming a 5% to 6% increase in comparable earnings per share. However, the company warned of potential currency headwinds impacting revenue and earnings.

Despite the strong earnings report, KO stock faced a 2% decline in premarket trading, raising concerns about market demand and pricing strategies. Investors are advised to watch for Coca-Cola’s outlook for 2025 in the upcoming fourth-quarter earnings report.